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Pakistan and Sri Lanka are getting close to securing bailouts from the International Monetary Fund after taking a series of steps including tax increases to boost their beleaguered economies.
Former Member of Parliament D. E. W Gunasekera has revealed that the Government is preparing for the introduction of a new Bill pertaining to the reform of the Central Bank of Sri Lanka (CBSL).
Indian Police personnel have thwarted yet another suicide attempt at the district collectorate premises on Tuesday as they foiled a Sri Lankan refugee s bid to end their life. The refugee wanted to be deported to Sri Lanka to join his parents.
- Asylum Debate (Category: Business)
- Smuggling Disaster (Category: Business)
- Refugee Death (Category: Business)
- Chairs without legs (Category: Australia, Queensland)
Minister of Power and Energy Kanchana Wijesekera has met with a group of officials who were appointed to formulate a new feeding tariff for Renewable Energy in Sri Lanka.
- Cleaner Fuel (Category: Business)
- Portugal's green energy dilemma (Category: Technology)
- Can human power replace batteries? (Category: Technology)
- Former football coach Lou Holtz tests positive for COVID-19 (Category: USA, Mississippi)
A Sri Lankan Tamil, who illegally migrated into Tamil Nadu after escaping from criminal charges in Sri Lanka, was apprehended by the police at Mandapam refugee camp in Tamil Nadu on Tuesday. Following an inquiry, Mandapam law and order police booked the man under the Passport Act on the same day.The post Absconding criminal from Sri Lanka caught in Tamil Nadu appeared first on Sri Lanka News - Lat...
- Absconding criminal from Sri Lanka caught in Mandapam (Category: Breaking News)
- Lankan held for running illegal ferry service (Category: Breaking News)
- Sri Lankan youth who swims 13km to Dhanushkodi nabbed in India (Category: Breaking News)
- Caught Lankan refugees sent to camps in TN (Category: Breaking News)
Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 53.2% in January, after a 59.2% rise in December, the statistics department said on Tuesday (February 21).The post Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Sri Lanka’s Inflation may turn a corner this month as prices appear to have peaked (Category: Breaking News)
- Sri Lanka’s national inflation eases further to 10.8% in June (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
The International Monetary Fund (IMF) remains hopeful of Sri Lankan authorities securing financing assurances from all its bilateral creditors soon, so that the Fund’s Executive Board could give its nod to unlock the envisaged US$ 2.9 billion bailout package to support the crisis-hit economy, a top IMF official said.The post IMF remains hopeful of Sri Lanka securing all financing assurances soon t...
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
President Ranil Wickremesinghe says Sri Lanka cannot continue to beg and remain bankrupt. Wickremesinghe said that Sri Lanka’s economy completely collapsed. The President said that he had taken unpopular decisions but he had to do what is correct and what is in the best interest of the country. “There are hard decisions to be taken […]
- Sri Lanka’s 75th Independence Day celebrated under tight security (Category: Breaking News)
- Ranil assures to protect rights of children and elderly (Category: Breaking News)
- Army ready to send 300 troops to Turkey (Category: Breaking News)
- Gautam Adani reviews status of investments in Sri Lanka (Category: Breaking News)
A Sri Lankan Tamil, who illegally migrated into Tamil Nadu after escaping from criminal charges in Sri Lanka, was apprehended by the police at Mandapam refugee camp on Tuesday. Following an inquiry, Mandapam law and order police booked the man under the Passport Act on the same day.
South Africa will play England in the Women’s T20 World Cup semi-final after a 10-wicket win against Bangladesh. Laura Wolvaardt hit an unbeaten 66 from 56 balls as a nervy Proteas side made hard work chasing down a modest target of 114, with 13 balls to spare. It meant South Africa finished second in Group […]
- Australia beat spirited South Africa to win Women’s T20 World Cup (Category: Breaking News)
- Afghanistan beat the Netherlands to boost World Cup semi-final hopes (Category: Breaking News)
- Afghanistan seal historic win over Pakistan in World Cup (Category: Breaking News)
- South Africa secure thrilling win over India (Category: Breaking News)
Several Sri Lankans have started borrowing money or are spending their savings owing to the economic crisis. The UN World Food Programme (WFP), said that nearly seven in ten households are adopting foodbased coping strategies such as relying on less preferred food, limiting portion sizes and reducing the number of meals. In addition, WFP said […]
- Sri Lanka continues to experience high levels of food insecurity (Category: Breaking News)
- US funded fortified rice shipments begin arriving at Colombo Port (Category: Breaking News)
- WFP Executive Board approves Sri Lanka’s CSP (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
By C. A. Chandraprema We now live in a digital world dominated by the social media, where information or disinformation coming through our mobile phones has more to do with forming public opinion than the plainly visible and palpable reality and well-established facts and data. Sri Lanka recently marked the 75th Anniversary of its Independence in […]
- Stop intimidating judiciary,end undermining democracy,hold elections (Category: Breaking News)
- Rulers have reduced SL to nation of beggars – Cardinal (Category: Breaking News)
- Rulers have reduced SL to nation of beggars – Cardinal (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
Asian Youth Athletics Championships- Selection Trial by Reemus Fernando Ambagamuwa MV hurdler Ayomal Akalanka continued the trend set by the former students of his school as he reached qualifying standards for the Asian Youth Athletics Championships at Diyagama on Tuesday. The athlete trained by veteran coach Anura Bandara clocked an impressive 52.18 seconds to win […]
- Asian Youth medallist Nirmali among contenders vying for top honours (Category: Breaking News)
- Tharusha shatters two decade old record, Sithuli qualifies for Asian event (Category: Breaking News)
- Nethmika, Dharshana shine with record breaking feats (Category: Breaking News)
- Tharushi needs top-grade competitions to improve rankings (Category: Breaking News)
COYLE annual diplomats’ evening: The Chamber of Young Lankan Entrepreneurs (COYLE), consisting of a membership of over 120 entrepreneurs and highly recognized business entities, hosted their annual evening of open discussion and networking with the diplomatic community in Sri Lanka. Foreign Minister, Ali Sabry was invited as the chief guest who delivered an impassioned and […]
- Sustainable policies needed; IMF assistance only a temporary solution – COYLE (Category: Breaking News)
- COYLE meets the President for entrepreneur friendly budget proposals (Category: Business)
- Idac Chief Rohitha Silva new Chairman of COYLE (Category: Business)
- Fly the Sri Lanka flag urges COYLE (Category: Business)
JJB not among the signatories to appeal Opposition political parties, except the JVP-led NPP, have appealed to the international community to exert pressure on the Wickremesinghe-Rajapaksa government to conduct the local government polls, scheduled for 09 March. The following is the text of the letter addressed to heads of diplomatic missions in Colombo. It has been signed by […]
- Dullas chides silence of Election Commission when govt. floats doubts about polls (Category: Breaking News)
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- SJB demands apology from those who hoodwinked people (Category: Breaking News)
- JVP says it has right to maintain relations with US (Category: Breaking News)
Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t quite grasped […]
- Gotabaya will return to Sri Lanka on Aug 24- Udayanga Weeratunga (Category: Breaking News)
- Russian President Putin s congratulatory message to President Ranil (Category: Breaking News)
- Ukrainian president blames Russia for Sri Lanka crisis (Category: Breaking News)
- Russia s Aeroflot to resume flights to Sri Lanka from tomorrow (Category: Breaking News)
By Shamindra Ferdinando The Supreme Court (SC) on Feb. 10 dismissed a contempt of court application filed by the Human Rights Commission of Sri Lanka (HRCSL), delivering a shock therapy to the latter. The HRCSL filed the contempt case against the Chairman of the Ceylon Electricity Board (CEB) N.S. Illangakoon, the Secretary to the Ministry […]
- Sacked PUCSL Chairman fights back, writes to Prez (Category: Breaking News)
- Premadasa seeks SC intervention to reduce high electricity tariffs (Category: Breaking News)
- PUCSL Chairman, Power Energy Additional Sec and CEB AGM arrive at HRCSL (Category: Breaking News)
- SLPP rebels question legality of Prez, AG meeting EC members as accusations grow over bid to pos... (Category: Breaking News)
By Rathindra Kuruwita Sri Lanka had to pay over USD 2.6 billion to foreign creditors, in 2023 as loan repayments and interest, Cabinet Spokesman Bandula Gunawardena told the media on Tuesday. Addressing the post-Cabinet Press conference, Gunawardena said that around USD 2.1 billion dollars would be spent on debt repayment and USD 504 million on interest. The […]
- Govt. says selling state assets only way to build reserves and prevent crippling shortages (Category: Breaking News)
- Various weaknesses and wrong policy decisions led to debt default - PM (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
Public approval rating for the Ranil Wickremesinghe-Rajapaksa government has sunk to 10 percent, says a recent poll. According to a survey by Verite Research, a Colombo-based think tank, the government continues to have a poor, merely 10%, approval rating among the public, as shown by the results of a recent poll on the ‘Mood of […]
- Approval rating of govt. falls to 9% : Verité Research (Category: Breaking News)
- Even dog won’t walk with me, McGuinty says (Category: Canada, Ontario)
- Sri Lanka government approval rating 3-pct, economic confidence minus: poll (Category: Breaking News)
- Chile Education Minister Felipe Bulnes resigns (Category: Breaking News)
South Africa’s path to the semi-finals was scrappy to the last, but they’ll take it. Losing the first match of the Women’s T20 World Cup to Sri Lanka put the hosts on a slippery slope from which they had to claw their way back. On a cool Tuesday night, returning to Newlands for the first […]
- JVP commemorates “April Heroes” (Category: Breaking News)
- IPL 2024: Nuwan Thushara will work with Lasith Malinga at Mumbai Indians (Category: Breaking News)
- Leadership training for new university entrants again (Category: Breaking News)
- Ranil questions SLFP on Women’s status (Category: Breaking News)
According to President Ranil Wickremesinghe, the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation. He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program and may lose the opportunity to do business with foreign countries.
- Mining tax closer after royalties deal (Category: Western Australia)
- B.C. votes to nix HST (Category: Canada, Ontario)
- McKenna says he won't release tax returns (Category: USA, Washington)
- Investors Need to Consider These Moves Before Capital Gains Change (Category: USA, South Dakota)
Sri Lanka today sought international support to expedite a response from the International Monetary Fund (IMF) on funding and assistance. Foreign Minister Ali Sabry briefed the Head of Missions of the Paris Club member nations and the HOM of India at the Foreign Ministry today. The Governor of the Central Bank, Nandalal Weerasinghe, Treasury Secretary […]
- BASL concerned over Ranil’s attack on Saliya Pieris (Category: Breaking News)
- LG polls postponed indefinitely (Category: Breaking News)
- EC to consider request to allow Sri Lankans overseas to vote (Category: Breaking News)
- Khayal launched in Kandy (Category: Breaking News)
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- President says money wasted on CEB, CPC, SriLankan (Category: Breaking News)
- Government will not remove anyone owing to protests (Category: Breaking News)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
Cardinal Malcolm Ranjith fears there is an attempt to take forward dictatorial rule by postponing the Local Government (LG) election. Issuing a statement, the head of the Catholic Church in Sri Lanka said that postponing the Local Government election could pave the way for other elections to also be postponed. He said that an election […]
- Cardinal says Ranil does not have his vote (Category: Breaking News)
- Claims of threat to Cardinal to be looked into (Category: Breaking News)
- Catholic Church says Pope requested Malcolm Ranjith to continue (Category: Breaking News)
- Cardinal hopes 2024 will bring change to Sri Lanka (Category: Breaking News)
Delivering the keynote speech at the Tax Forum 2023 today (21), President Ranil Wickremesinghe,said that the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation. He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program […]
- Tax Breaks (Category: Business)
- The current tax policy is not a normal tax policy, but a rescue operation - President (Category: Breaking News)
- Tax Holiday (Category: Business)
- Special Levies (Category: Business)
Former President Mahinda Rajapaksa says the Local Government (LG) election must be held as scheduled. Responding to reporters the leader of the Sri Lanka Podujana Peramuna (SLPP) said that there is no reason to postpone the polls. He said that the election must be held on the scheduled date. SLPP member and former Minister Basil […]
- Overseas travel ban on Mahinda temporarily lifted (Category: Breaking News)
- Mahinda insists he cannot contest next presidential polls (Category: Breaking News)
- Prime Minister Mahinda Rajapaksa resigns (Category: Breaking News)
- Moves to make Mahinda PM again (Category: Breaking News)
Veteran banker, Faizal Salieh, has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He has been appointed to the post with effect from 20 February 2023. Salieh served as the Chief of Corporate and Merchant Banking at ANZGrindlays Bank; COO of NDB; Executive Director/CEO of NDB Housing […]
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- Sri Lanka seeks support to expedite response from IMF (Category: Breaking News)
- UNP suspends 1,137 local council members (Category: Breaking News)
- G20 backs swift resolution to Sri Lanka’s debt situation (Category: Breaking News)
YouTuber Sepal Amarasinghe apologised in court today for making a defamatory statement on the Temple of the Sacred Tooth Relic. Following his apology the Colombo Magistrates Court decided to conclude the case against Amarasinghe. Amarasinghe later told reporters that there was a mistake in some of the words he used in his public statement. An […]
- YouTuber Sepal Amarasinghe remanded further (Category: Breaking News)
- YouTuber Sepal Amarasinghe further remanded (Category: Breaking News)
- Sepal Amarasinghe further remanded until January 31 (Category: Breaking News)
- Sepal Amarasinghe arrested by CID (Category: Breaking News)
The newly formed Freedom People s Alliance (FPA) has raised concerns over the recent resistance displayed by the Ministry of Finance to release the fund required to hold to upcoming 2023 Local Government (LG) election.
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Initial steps taken through budget to strengthen economy under five-year plan – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- President calls Opposition Party Leaders for crucial meeting on IMF proposals (Category: Breaking News)
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